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searching for Envelope theorem 2 found (23 total)

Auction theory (5,361 words) [view diff] exact match in snippet view article find links to article

payment to seller, transfer of goods, fees to agents. The auction envelope theorem defines certain probabilities expected to arise in an auction. The

Lawrence Benveniste (694 words) [view diff] exact match in snippet view article find links to article

foundation for dynamic programming in Economics. The paper used the envelope theorem to prove that the value function is differentiable when the objective